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rn n r c, r Ill LA S b Cr) C n 2 r1 1 ■3 R1 a V1 c; r . G. ��. r7 vi • • , .3 a ��■ „Q m e �.. X) c• Q7 � , 17 C7 1,-.., o CD r ( ) rn o N U] ASSUMPTION AGREEMENT WITHOUT RELEASE OF LIABILITY F--+ r; THIS ASSUMPTION AGREEMENT WITHOUT RELEASE OF LIABILITY ( "Agreement ") is made by and between West Gate Bank ("Bank") and Bruce A. Gregersen ( "New Borrower"). WHEREAS, Harry E. Gregersen, Deceased (Original Borrower) is the maker and obligor of a certain Note dated November 3, 2016, in the original principal amount of $92,000.00 (the "Note "), the terms and conditions of which are incorporated herein by this reference; WHEREAS, as security for the repayment of the Note, Original Borrower executed a mortgage, deed of trust or other security instrument of even date with the Note which is filed of record as follows: November 10, 2016, in Instrument #201607548, Assignment to West Gate Bank which is filed of record as follows: November 10, 2016, in Instrument #201607549 (the "Mortgage "), the terms and conditions of which are incorporated herein by this reference; WHEREAS, the Mortgage constitutes a first lien in and to the real estate identified as (the "Property "); Lot Forty - Four (44), Wolfe's Subdivision to the City of Grand Island, Hall County, Nebraska WHEREAS, Bank is the current holder of the Note and is servicing the Note and Mortgage; WHEREAS, a Quit Claim Deed was filed, conveyed and released to Bruce A. Gregersen. This deed was filed January 26, 2017, in Instrument #201700583. WHEREAS, Original Borrower is now deceased and New Borrower is occupying the Property and has read the Note and Deed of Trust and understands all of the obligations set forth therein: WHEREAS, New Borrower desires to assume all obligations set forth in the Note and Deed of Trust which are current and have been fully complied with as of the date of this Agreement; WHEREAS, Bank is willing to consent to said assumption provided that the estate of the Original Borrower retains all of the obligations and liability under the Note and Deed of Trust;